Category: Reports

TUESDAY REPORT JULY 16, 2019

Tue, 16 Jul 2019

  The consolidation in gold appears to be taking the form of a triangle pattern. Closing above $1425 would recommend an upside breakout. Downside support arrives between $1385 and $1390. Silver exceeded its June high and prices are showing subtle signs of life. For the last 8-years, silver has peaked in the first half of […]

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TUESDAY REPORT JULY, 2 2019

Tue, 2 Jul 2019

  President’s Trump and Xi met at the G20 and announced they wouldn’t increase tariffs as they attempt to restore trade negotiations. The dollar and stock market responded positively; gold tanked. The kneejerk reaction in gold was reversed entirely today. I think the rally in metals and miners can extend if we get decent upside […]

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THURSDAY REPORT JUNE 27, 2019

Thu, 27 Jun 2019

  Gold is holding above $1400, and it feels like prices are consolidating the recent moves. The dollar is below its key 200-day MA. I see the potential for a small bear flag. If the dollar breaks lower, then we could see another jump in metals and miners. Platinum could be forming a W-bottom. Closing […]

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TUESDAY REPORT JUNE 25, 2019

Tue, 25 Jun 2019

  Gold reached $1442.90 intraday before profit-taking sent prices back to test the short-term break out near $1416. In the June 9th newsletter, I wrote, “If gold breaks higher, a short covering bonanza could take prices quickly $1450.” We nearly reached that level today. The recent momentum thrust in gold and miners was quite powerful; […]

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